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Biden administration plans to purchase 100 million further doses

Johnson & Johnson’s Janssen COVID-19 vaccine will be stored in Chicago, Illinois for use with United Airlines employees at the United Clinic at O’Hare International Airport on March 9, 2021.

Scott Olson | Getty Images

The US plans to buy an additional 100 million doses of Johnson & Johnson’s Covid-19 vaccine, two government sources told NBC News.

President Joe Biden will announce the plans on Wednesday during a White House meeting with J&J and Merck executives.

J&J currently has a contract with the US government to provide 100 million cans by the end of June. The federal government shipped nearly 3.9 million doses of the single vaccine last week and plans to distribute an additional 16 million by the end of this month.

In a statement, J&J noted that the government’s initial agreement for $ 1 billion worth of 100 million cans in August gave the government the opportunity to purchase additional cans under a later agreement.

“We look forward to future talks with the US government and attending the White House event later today,” the company said in a statement.

The announcement comes as administration is working to ramp up production of J & J’s vaccine after learning earlier this year that the company was lagging behind in vaccine production.

The Food and Drug Administration approved J & J’s vaccine on February 27 for use in people 18 years of age and older. Unlike Pfizer and Moderna vaccines, patients with the single dose of J&J do not need to take a second dose and can be stored at refrigerator temperature for months.

The New York Times first reported in January that unexpected delays in manufacturing would result in decreased primary care of J & J’s medication if it were given emergency approval.

Last week, Biden announced that pharmaceutical company Merck would help manufacture J & J’s Covid vaccine. Under the terms of the agreement, Merck will deploy two facilities in the US for J & J’s vaccine. One will make the vaccine and the other will provide “fill-finish” services when the vaccine is put into vials.

The Department of Health and Human Services said the U.S. would provide Merck with $ 105 million under the Defense Production Act to upgrade, upgrade, and equip the company’s facilities to the standards necessary to safely manufacture the vaccine are.

The Chief Medical Officer of the White House, Dr. Anthony Fauci said last month he was “disappointed” with the number of doses J&J originally expected, adding that the federal government had assumed there would be “significantly more”.

“It can take June, July and August to get everyone vaccinated,” Fauci told CNN on February 16. I don’t think anyone will disagree that this will be good by the end of summer and we’ll get into early fall. “

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Oprah, Meghan and Harry Draw 17.1 Million Viewers to CBS

Since then, the rise of digital media and its infinite screen time options have deeply struck the power of the major broadcasters. As audiences splintered, prime-time interview opportunities that had to be seen became more and more rare. Even the greatest lone fighters of the last few years lacked the character power of the specials from two decades ago and more. The 17.1 million audience for Ms. Winfrey’s interview with Ms. Markle and Prince Harry matched the number of viewers who tuned in when Caitlyn Jenner revealed that on a 2015 episode of ABC’s “20/20” she was transgender for Ms. Sawyer.

The Sunday night special was unusual in that it was not overseen by a network news department. Ms. Winfrey’s company, Harpo Productions, produced it, and CBS paid at least $ 7 million to license the show, according to one person with knowledge of the arrangement. (The Wall Street Journal previously reported the number.) The deal was also a gamble: it was taped after the network bought the rights, according to two people who knew how the show was made. During the interview, Ms. Winfrey said she had been trying to land the exclusive with the couple for about three years.

Despite Ms. Winfrey’s rocky experience, CBS was named a winner at 60 Minutes, where she made a special contribution in 2017 and 2018. In a 2019 interview with The Hollywood Reporter, Ms. Winfrey revealed that the show’s producers criticized her delivery. She said she had “too much emotion” in her voice even when she said her own name. (Ms. Winfrey was connected to the network through good friend Gayle King, an anchor on CBS This Morning, and appeared on that show on Monday.)

Another complication in CBS’s attempt to achieve the great success was the thicket of media outlets that surrounded Ms. Winfrey and the former royal couple. Ms. Winfrey has her own cable network, OWN, and is an important part of the AppleTV + streaming platform. The most recent episodes of Apple’s “The Oprah Conversation” featured her interviews with Barack Obama, Dolly Parton and Mariah Carey.

Ms. Markle and Prince Harry signed a multi-year deal with Netflix last year to direct documentaries and other shows. They also signed up to create podcasts for Spotify and released the first episode on December 29th. It included guest appearances by Elton John, Tyler Perry, and other celebrities, as well as the first public statement by her son Archie.

The pact between CBS and Harpo Productions mainly focused on TV rights. The interview ran live on ViacomCBS’s newly renamed streaming service, Paramount +; For now, at least, it won’t be available for on-demand viewing on Paramount +. Instead, the special will be available on CBS.com and the CBS app for 30 days, a CBS spokesperson said.

Originally played for 90 minutes, a two hour show ended. CBS released teaser clips prior to airing, and British tabloids unfriendly to Ms. Markle shot back with anonymized articles about her apparent misdeeds.

The estimate of 17.1 million viewers won’t grow until after Nielsen tabulates a few viewers who streamed the special, as well as the off-home ad.

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Business

Boeing awards CEO $21 million in complete compensation for 2020

Dave Calhoun, Boeing Chairman

Adam Jeffery | CNBC

Dave Calhoun, Boeing CEO, received $ 21 million in total compensation for his work last year but gave up $ 3.6 million in salaries and bonuses in the aftermath of the pandemic, devastating the industry.

He received just $ 269,231 of his $ 1.4 million salary for the year.

Most of Calhoun’s salary package, announced when he became CEO in January 2020, consists of equity that vests over time and is based on the company’s performance goals and other metrics.

Calhoun was named CEO after Boeing’s board of directors ousted former chief executive Dennis Muilenburg for handling two fatal crashes involving the company’s best-selling Boeing 737 Max. Calhoun’s appointment came just before the Covid-19 pandemic, which rocked the global economy and hit the aviation industry particularly hard.

Boeing posted a record annual loss of nearly $ 12 billion last year as cancellations outpaced new jetliner sales and cut thousands of jobs.

Calhoun’s total compensation includes awards announced when he took office last January, including approximately $ 7 million worth of stock if the company hits milestones, including getting the 737 Max back online, the long-belated start-up 777X and other targets. However, these shares are not vested.

Additionally, there is $ 10 million in stock to quit his job at Blackstone Group and take the top job at the aircraft manufacturer last year, plus another $ 3.5 million in non-vested long-term incentives.

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Health

Insurers launch program to get 2 million American seniors vaccinated

Residents await to receive a Pfizer-BioNtech Covid-19 vaccine at The Palace, an independent residential community for senior citizens, on January 12, 2021 in Coral Gables in Miami, Florida, USA.

Eva Marie Uzcategui Trinkl | Anadolu Agency | Getty Images

More than a dozen health insurers are starting a pilot program to vaccinate 2 million American seniors as quickly as possible, President Joe Biden’s senior advisor for the Covid-19 pandemic announced on Wednesday.

The pilot program – Vaccine Community Connecters – is designed to educate seniors about the vaccines, schedule admissions, and arrange transportation, advisor Andy Slavitt told reporters.

Insurers will also talk about “efficacy, safety and the value of vaccinating vaccines,” said Slavitt, who served in the Obama administration. He added that insurers could deploy mobile vans in the communities most in need. The White House is working with America’s Health Insurance Plans and the Blue Cross Blue Shield Association on the initiative.

“Vaccines save lives, and health insurers have worked hard to break the barriers between Americans and COVID-19 vaccines,” said Matt Eyles, CEO of America’s Health Insurance Plans, a trading group that represents Aetna, Cigna and CVS Health.

“We will continue to work on this commitment with all levels of government and every organization that shares our goal until we jointly defeat the COVID-19 crisis.”

The announcement comes as the Biden government works to increase supplies of Covid-19 vaccines and reach the majority of Americans as soon as possible. Around 51.8 million out of around 331 million Americans have received at least their first dose of a Covid vaccine, according to the Centers for Disease Control and Prevention. And 26.2 million of those people have already had their second shot, which is roughly 10% of the total US adult population, according to the CDC.

The risk of developing serious illness with Covid increases with age, with older adults at the highest risk, according to the CDC.

Insurers will work with federal, state and local officials to deliver vaccines to underserved communities and will work closely with other vaccination partners, including pharmacies.

The trade group said some communities are best served by mobile clinics, voice assistance, or a combination of interventions. Others will benefit from health insurers that work directly with ridesharing to provide transportation, the group said.

This isn’t the first senior-tailored vaccination program the federal government has touted. In October, the Department of Health and Human Services announced a contract with CVS Health and Walgreens to deliver coronavirus vaccines to the elderly and workers in long-term care facilities.

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$230 million spent buying and selling video highlights

A LeBron James highlight sold for $ 200,000. A Zion Williamson edition cost a little less. The National Basketball Association has officially set its sights on the future of the trading card market, and currently this game is sold out.

The NBA has teamed up with Dapper Labs of Canada, the makers of the CryptoKitties game, to create the version of a digital collectible. NBA Top Shot is a crypto collectible that consumers can purchase as a non-fungible token (NFT). Each collectible is tied to a blockchain – a digital ledger similar to the blockchains used for digital currencies like Bitcoin. This effectively gives each NFT a unique and non-hackable Certificate of Authenticity. Even if someone makes a perfect copy of the highlight video, it is instantly recognizable as a fake.

Current “packs” for the game are only $ 9.00 – and they sell out all the time.

Caty Tedman, director of marketing and team partnerships at Dapper Labs, says Top Shots has had sales of more than $ 230 million to date, although most of that comes from dealers who exchange the collectibles after their first sale. Dapper earns revenue from fees charged through peer-to-peer transactions and from releasing new NFT packets.

“I find it fascinating,” said Tom Richardson, professor of digital media in Columbia University’s sports management program.

“It’s a nice development and good to see that people are still making collectibles during this time,” added Lars Rensing, CEO of the blockchain service provider Protokol. “It’s a new step into the future.”

The game has also become a new source of income for the NBA. And again it’s sold out.

In the new trading card model

Top Shots emerged from a licensing agreement that the NBA and its players’ union signed with Dapper Labs in 2019. The NBA did not provide any official commentary on this story, but Richardson, who was once head of publication for the National Football League, says the league can generate 10% to 15% of the revenue of a company that uses its intellectual property.

The NBA licenses the reels to dapper laps, which digitizes the footage and leaves a limited amount available to create scarcity. Some NFTs offer highlights in different angles and digital graphics. One is currently listed for over $ 240,000.

Mark Cuban, owner of Dallas Mavericks, compared Top Shot to the old-school model of trading cards, where consumers can have fun trading and collecting rare items – just without the risk of damage or theft. “And value is still determined by the same laws of supply and demand,” he wrote in January.

“Let Mark Cuban do it in a good, sensible, and easy-to-understand way,” said Richardson, also SVP of strategy at Mercury Intermedia. “So if enough people wanted the same Zion Williamson highlight, this NFT, and bid on it, they got up to $ 100,000, that’s supply and demand. Someone thought it was worth $ 100,000.”

The bet for dealers is that in 2051 a LeBron James NFT could be worth what a 1952 Topps Mickey Mantle card is worth today – one of those rare cards that recently sold for $ 5.2 million. And just imagine what a rare Michael Jordan rookie highlight NFT would sell in 30 years.

“We think it could be a 100 year old product,” said Tedman of Dapper Labs. “When you think about what the rookie cards are going to be worth today in the future, especially those from this point of view of the product. Everyone who participates now is really stepping onto the ground floor.”

By using the blockchain, says Richardson, Dapper overcomes a major challenge with digital assets, namely the ease of copying them infinitely many times without friction.

“One of the things that defined the digital age is that we have moved from a world of scarcity to a world of abundance with all kinds of media resources and products,” he added. “But what the trading card business is about is a physical scarcity of cards. That’s why (Dapper) created these NFTs with the idea of ​​scarcity combined with authenticity due to the way the blockchain works.”

With this asset, Dapper is positioning itself to benefit from a digitally controlled generation that values ​​digital assets as much as physical ones.

“The new generation is more digital,” said Rensing. “I think it will stay because it’s a solution that will also attract new fans and digital natives.”

Mobile game is coming this year

Earlier this month, Dapper raised $ 250 million and is now valued at $ 2 billion, in part thanks to Top Shot’s sudden popularity, according to digital asset research and news agency The Block.

With the funds, Dapper Cotinin will expand its blockchain flow. Tedman, one of the developers at Top Shot, said they now have around 350,000 registered users, claiming that Flow could better handle the capacity of a high-quality marketplace, which was causing problems with its CryptoKitties product.

“With this, we can reach a scale that other blockchain projects have not yet reached,” said Tedman. She said that of the $ 230 million in sales to date, 95% of consumers in the market who buy, sell and trade.

She said the company released 5,000 new packs of highlights this week as a stress test for Flow, and 90,000 people lined up to buy. The packs sold out quickly.

“They come in, collect, assemble what they think are good collections, buy and sell,” said Tedman. “It’s almost like putting together trading cards with the stock market. That is a game in itself before we release the mobile game.”

This mobile game, slated to launch this year, will allow consumers to create NBA-like rosters by purchasing NFT Moments and then entering online tournaments – and potentially winning rarer NFTs that can add in value.

“It can be an opportunity to have fun with your interest and love for a sport – basketball in this case – combined with your interest in new technology and financial experiences like cryptocurrency and NFTs,” said Richardson.

Saum Noursalehi is the CEO of the software company tZERO, a company that symbolizes the assets of private or public companies and builds the platform on which the assets can be traded. He sees a bright future for sports leagues using NFT licensing agreements and suggests that this is a model of how blockchain technology can be used to track and trade other types of assets.

Blockchain technology “will change the way we trade value today, how we trade assets,” said Noursalehi.

Tedman added, “We’re just getting started. We have a lot of big plans that we can’t wait to put in front of people.”

Let the new games begin as the digital age continues to take shape. However, participation in Dapper’s NBA Top Shot competition is currently sold out.

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Business

J&J board member says 20 million Covid vaccine doses might be delivered by the tip of March

According to Dr. Johnson & Johnson board member Mark McClellan expects the company to have 20 million doses by the end of March as the US is just one step away from adding a third safe and effective vaccine to its arsenal.

“There will be a ramp-up, so 4 million doses are expected next week, rising in March, with 20 million doses dispensed by the end of March,” the former FDA commissioner said in an interview Friday night on The News with Shepard Smith. ” “So that’s 20 million people who are fully vaccinated because it’s just one dose of the vaccine.”

A panel of advisors to the Food and Drug Administration unanimously voted late Friday to recommend Johnson & Johnson’s single-dose shot for approval for emergency use. The FDA will decide on Saturday whether the vaccine will be approved. A recommendation from advisors to the Centers for Disease Control and Prevention would enable three to four million doses to be delivered next week.

McClellan told The News with Shepard Smith that the addition of the J&J vaccine will take the US a big step forward in fighting the coronavirus pandemic and protecting millions of people from the virus.

“That comes on top of some additions to the Pfizer and Moderna vaccine offering. They expect almost 90 million, 100 million doses … it’s a two-dose vaccine, but it all adds up to that we can get this far. ” At least 100 million people here in the US had been vaccinated by the end of March, “said McClellan, a health policy expert at Duke University.

Nationwide, average daily cases, hospitalizations and deaths have been going down for weeks, but Rochelle Walensky, director of the Centers for Disease Control and Prevention, said recent declines could flatten out.

“We may be through with the virus, but the virus clearly isn’t through with us,” Walensky said. “We cannot take it easy or give in to a false sense of security that the worst pandemic is behind us. Not now, not when mass vaccination is so close.”

The CDC director added that we may begin to see the effects of the new, contagious variants of Covid that are spreading across the country. McClellan agreed with Walensky, warning that “we should be concerned” when it comes to the new variants, but doubled the importance of vaccinations.

“The good news is that the vaccines offer really strong protection against the variants. The best way to contain the variants is to get as many people as possible vaccinated as soon as possible,” said McClellan.

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Nikola is paying $8.1 million in authorized charges for ousted chairman Milton

Trevor Milton, CEO and Founder of US Nikola, speaks during a presentation of his new all-electric and hydrogen fuel cell battery truck in collaboration with CNH Industrial at an event on December 2, 2019 in Turin, Italy.

Massimo Pinca | Reuters

Competitive electric vehicle startup Nikola is paying $ 8.1 million in legal fees for ousted founder and chairman Trevor Milton, who left the company in September over a short seller fraud case that led to federal investigations.

This helped increase the company’s legal expenses to $ 27.5 million last year. Most of that, $ 24.7 million, was spent answering regulatory investigations and other litigation related to Hindenburg Research’s claims, Nikola said in its annual filing Thursday with the Securities and Exchange Commission.

According to the company, around $ 1.5 million in Milton’s legal fees were paid in 2020. The start-up lost $ 384.3 million last year, including $ 147.1 million in the fourth quarter, it said on Thursday. Adjusted pre-tax loss for 2020 was $ 200.5 million.

As part of the result, Nikola also lowered delivery expectations for its first product, called Tre Semitruck, from 600 this year to 50-100 due to supplier issues. The company’s shares fell at $ 19.72 each during after-hours trading after Thursday’s close Share, down 6.8% for the day.

“The pandemic has caused significant supply chain disruption,” Nikola CEO Mark Russell said during a call for earnings, specifically referring to a shortage of battery cells to power his vehicles.

A Nikola spokeswoman declined to comment on whether the company will attempt to recoup Milton’s legal fees. In his filing, Nikola said the fees were part of his compensation agreement with the company. Additional legal costs are expected this year related to the Hindenburg report, which led to investigations by the SEC and the Justice Department.

“We incurred significant costs due to the regulatory and legal issues surrounding the Hindenburg article,” Nikola said in the filing. “The total cost of these matters will depend on many factors, including the duration of these matters and the determination made.”

Hindenburg accused Milton of making false statements about Nikola’s technology to grow the company and partner with auto companies. The report, titled Nikola: How to Partner an Ocean of Lies with America’s Largest Automaker, was released two days after the announcement of a deal with General Motors that skyrocketed both companies’ shares in September . It characterized Nikola as “an intricate fraud based on dozens of lies” by Milton.

Nikola has denied and denied many of the allegations, but the company confirmed one of Hindenburg’s biggest claims – that it staged a video showing a truck that appeared to be functional but not working.

An internal investigation by Kirkland & Ellis LLP into statements made by Milton and the Company during this period has “substantially been completed”. The Chicago-based law firm has not reached a conclusion whether statements that may have been inaccurate when filed are against any law, the company said.

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C.D.C. Publicizes $200 Million ‘Down Cost’ to Observe Virus Variants

When lawmakers asked billions of dollars to fund the country’s efforts to prosecute coronavirus variants, the Biden government on Wednesday announced new efforts to advance that work, pledging nearly $ 200 million to help the emerging ones Better identify threats.

Calling it a “down payment,” the White House said the investment would result in a significant increase in the number of positive virus samples that labs could sequence. Laboratories, universities and public health programs run by the Centers for Disease Control and Prevention sequenced more than 9,000 genomes last week, according to the GISAID database. The agency hopes to increase its own contribution to 25,000 genomes per week.

“When we reach 25,000 depends on the resources we have and how quickly we can mobilize our partners,” said Dr. Rochelle Walensky, CDC director, at a press conference at the White House on Wednesday. “I don’t think this will be a light switch. I think it will be a dial. “

The program is the administration’s most significant effort to date to address the looming threat of more contagious variants of the virus. An affected variant, first identified in the UK, has infected at least 1,277 people in 42 states, though scientists suspect the actual number is significantly higher.

Variant B.1.1.7 developed in the UK, which doubles roughly every 10 days, threatens to slow down or reverse the rapid decline in new coronavirus cases. In addition, Dr. Walensky that the nation saw their first case of B.1.1.7, which received a particularly worrying mutation that was shown in South Africa to affect vaccine effectiveness.

Other worrisome variants have also surfaced in the US, including one first found in South Africa that weakens vaccines.

The FDA is preparing a possible redesign of vaccines to provide better protection against the new variants. However, this effort will take months. In the short term, experts say, it is important to increase the sequencing effort, which is too small and uncoordinated to adequately track where and how quickly variants are spreading.

Scientists welcomed the Biden administration’s new plans. “It’s a big step in the right direction,” said Bronwyn MacInnis, geneticist at the Broad Institute.

Dr. MacInnis said the “minimum gold standard” would sequence 5 percent of the virus samples. If cases continued to drop, 25,000 genomes per week would bring the country near that threshold, she said, “where we need to be to detect not only known threats but emerging threats as well.”

Trevor Bedford, evolutionary biologist at the Fred Hutchinson Cancer Research Center, said the national sequencing effort had made “significant gains” since December. Still, he said the CDC also needs to make improvements in collecting data about the genomes – for example, to tie it to contact tracing information – and then support the large-scale analysis on computers that is needed to quickly understand everything .

“There’s too much focus on the raw count that we’re sequencing rather than the turnaround time,” he said.

White House officials occupied the sequencing attempt as part of a wider effort to test more Americans for the virus. The Department of Health and Human Services and the Department of Defense on Wednesday announced significant new investments in testing, including $ 650 million for elementary and middle schools and “underserved community facilities” like homeless shelters. The two divisions are also investing $ 815 million to expedite test supplies production.

The CDC’s $ 200 million sequencing investment is dwarfed by a program proposed by some lawmakers as part of an economic bailout package that Democratic Congress leaders want to pass before mid-March. Senator Tammy Baldwin, Democrat of Wisconsin, passed legislation to improve his sequencing efforts. House lawmakers have allocated $ 1.75 billion to the effort.

In an interview, Ms. Baldwin suggested that the government sequence 15 percent of positive virus samples, a goal that goes well beyond what researchers believe is possible in the short term.

“This is to create the basis for a permanent infrastructure that enables us not only to monitor Covid-19 in order to discover new variants, but also to have this ability for other diseases.” she said of her proposal. “There are significant gaps in knowledge.”

In an interview, Carole Johnson, the new testing coordinator for the Biden administration, said the $ 200 million investment was a “down payment” and just the beginning of what is likely to be a much more aggressive campaign to track the variants.

Updated

Apr. 20, 2021, 9:30 a.m. ET

“Here we can take a look: What resources are currently available to us? What can we find to act quickly? ” She said. “But you know that going forward we need bigger investments and a systematic way to get this job done.”

Since 2014, the CDC Office of Advanced Molecular Detection has been using genome sequencing to track diseases such as influenza, HIV, and food-borne diseases. When the coronavirus pandemic hit the United States, the CDC was slow to adapt these tools to track the coronavirus. For weeks it just struggled to create a test for the virus.

In contrast, the UK launched a highly acclaimed sequencing program last March that leveraged the nationalized health system with a central genomics laboratory. It now sequences up to 10 percent of all positive coronavirus tests and provides a thorough, quick analysis of the results.

The CDC began increased surveillance efforts later in 2020, helping academic laboratories, commercial sequencing companies, and public health departments to collaborate and share knowledge. In November, the company invested in its own program called NS3 to analyze coronavirus genomes. Every two weeks, the agency asks state health departments to send at least 10 samples to their laboratory for sequencing.

In December it became clear that these efforts would not be enough. Researchers in the UK found a new variant called B.1.1.7 that was up to 50 percent more transmissible than other variants. Scientists now suspect that it’s probably more deadly too. In South Africa, another variant called B.1.351 was found not only to be more contagious, but also to be less susceptible to multiple vaccines.

CDC officials began to fear that B.1.1.7 had already spread widely in the United States, according to a senior federal health official. They started new efforts, including contracts with laboratory testing companies to run coronavirus testing.

Dr. Gregory Armstrong, the director of the Advanced Molecular Detection Program, said in an interview that his team concluded in January that sequencing from 5,000 to 10,000 samples per week was a good short-term goal.

“It’s the starting point,” said Dr. Armstrong. “The more we sequence about it, the faster we can identify these variants.”

At a press conference at the White House earlier this month, Jeffrey D. Zients, the White House’s Covid-19 response coordinator, recognized how difficult it would be to achieve that goal.

“We are 43rd worldwide in genome sequencing – totally unacceptable,” he quoted December data from the GISAID database. In a subsequent interview, he corrected himself and said that the US stands behind 31 other nations.

In the early days of administration, Dr. Walensky set an initial goal for the CDC to sequence 7,000 genomes per month. Since then, laboratories have not come close to that number.

The agency’s National Genomic Surveillance Dashboard showed that only 96 genomes were logged for the week of February 6th. The following week the number rose to 1,382 genomes. Dr. Walensky’s new goal of 25,000 genomes per week calls for a significant increase.

Caitlin Rivers, an epidemiologist at the Johns Hopkins Bloomberg School of Public Health, said it was a welcome development to invest $ 200 million quickly in surveillance variants before hoping for longer-term improvements. “Time is of the essence,” she said. “An initial investment in expanding genome monitoring while the complementary funding package comes together is a smart move.”

However, she warned that the plan could not be implemented immediately. It can take a month for the basic improvements to be achieved. By then, B.1.1.7 could already dominate US cases and jeopardize the current decline.

The larger program in the stimulus package will be critical to managing the pandemic in the long term, said Dr. Rivers.

“We may not be able to get very far on B.1.1.7, but what’s the next, in three months or six months or next winter?” She asked. “It’s not always just what’s in front of you. It’s what’s coming around the corner. “

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Business

The Week in Enterprise: A $900 Million Mistake

Hope you all stay warm. Here’s a quick recap of the business and technical news for the week ahead. – Charlotte Cowles

Citigroup made an embarrassing mistake last summer accidentally transferring $ 900 million to a group of lenders instead of a much smaller interest payment it was going to send. Since then, Citigroup has been trying to regain the money it sent on behalf of the beauty company Revlon. As a rule, recipients of mistakenly wired money have to send the money back. But last week a judge ruled that the lenders could keep it all. His reasoning: They had reason to believe the payment, which covered everything Revlon owed, was intentional. The decision is a severe blow to Citigroup, which appeals.

Understand what happened to GameStop

That was the question Congress members asked themselves as they grilled key players in the GameStop trading frenzy that hijacked the stock market last month and caused many investors large and small to lose money. At the center of the hearing was Vlad Tenev, the executive director of online brokerage firm Robinhood, which did most of GameStop’s business, but suddenly stopped it when they hit a fever level on Jan. 28. Mr Tenev re-stated that GameStop trades have been stopped due to new requests from the clearing houses that execute them. He apologized to its users for the company’s shortcomings, but also insisted that Robinhood had done nothing wrong and did not privilege powerful business partners at the expense of retail investors, as some critics have suggested. It is unclear what – if anything – lawmakers and regulators will do to contain such turmoil in the future.

Walmart, the country’s largest private employer, said it would raise wages for 425,000 of its employees. That means roughly half of the 1.5 million workers in the US will make at least $ 15 an hour. But many of its workers will still earn less. Walmart’s minimum wage remains at $ 11 an hour, unlike those of its biggest competitors like Target and Amazon, whose wages both start at $ 15 an hour. The company’s announcement came about a week after its chairman, Doug McMillon, met with President Biden and discussed the government’s interest in raising the national minimum wage from its current $ 7.25 an hour to $ 15 an hour.

Texas is recovering from a crazy cold snap that left millions of people without electricity and running water for days, but the economy is still battered. Agriculture is literally frozen and cattle are dying. Several semiconductor companies have been forced to cease production, creating a global computer chip shortage that has already slowed automobile manufacturing in factories around the world. But disastrous events like this can become the new normal. Economists – including a senior Federal Reserve official – warn that banks need to be better prepared for disruptions to manufacturing, energy, and other sectors.

The House of Representatives plans to vote on the Biden government’s $ 1.9 trillion pandemic rescue package on the first floor next Friday. Democrats hope to have the measure passed before March 14, when the federal additional unemployment benefit ($ 300 per week on top of existing state unemployment benefits) expires. Due to a loophole in the law, the economic stimulus plan could be passed with a simple Congress majority and without Republican support.

The Australian government has proposed a law that will encourage tech companies to pay news outlets (and in turn help them raise advertising dollars) for the content shared on their platforms. This poses obvious problems for giants like Facebook and Google, who are taking opposite approaches to the proposal. Facebook took a fighting stance by blocking all news links from its platforms indefinitely. Google, on the other hand, announced a three-year deal to compensate Rupert Murdoch’s News Corp for its content, and said similar partnerships are in the works. Other countries could follow in Australia’s footsteps if the law is successful.

Retail sales rose 5.3 percent in January, suggesting Americans spent rather than bailing out the stimulus checks received at the end of the year. Parler, the social network that went offline after it attracted millions of Trump supporters who incited violence at the time of the Capitol uprising, is back in operation. And the New York attorney general has sued Amazon, accusing the company of providing inadequate safety protection for workers in New York City during the pandemic and taking revenge on employees who raised concerns.

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Business

The place Will Rush Limbaugh’s 15 Million Listeners Go Now?

“It starts over,” Harrison said in an interview, noting that conservative radio users can easily switch to other popular Limbaugh-like hosts, including Hannity, Glenn Beck and Mark Levin. (iHeartMedia may not mind: it also syndicates Mr. Beck and Mr. Hannity.)

Mr Limbaugh’s success may have ultimately made his show out of date.

He was the first conservative icon in the national media, introducing a mass audience to an ideology more closely associated with elite organs such as the National Review. His shock antics enraged the Democratic presidents and popularized the Republicans. As early as 1992, President George Bush invited him to spend a night in the Lincoln bedroom.

Prior to Fox News and MAGA Internet, Mr. Limbaugh’s program was the only megaphone for his divisive, non-partisan manner of comment. “There is something magical about the intimacy of radio that younger readers just can’t appreciate,” wrote commentator Matt Lewis on The Daily Beast after Mr. Limbaugh’s death, echoing other conservatives who remembered listening sessions in their childhood.

There is no doubt that his show continued to make an impact on the Slightly Less Online set, especially among working-class audiences whose jobs may not offer uninterrupted access to a social media platform during the business day. Mr Limbaugh even made some headlines in December when he contemplated the nation “might be leaning towards secession”.

But Mr. Limbaugh’s comment today – while still indecent and unrepentant – was often indistinguishable from that of dozens of other experts.

“He created the genre that then flooded the market with competitors, some less talented, some more,” said Ann Coulter, the conservative provocateur. “Only one person can be the pioneer – but after that it’s dog-eat-dog.” (Even Fox News, which long held the monopoly on conservative television, was now forced to compete against emerging rivals like Newsmax, who appealed to far-right viewers.)

Dependent on a publicly traded conglomerate for his paycheck, Mr. Limbaugh was also committed to company policies that friskier online platforms could happily ignore. After the election, Mr. Limbaugh defended President Trump’s lies about electoral fraud – and only insisted on inauguration day that Joseph R. Biden Jr. “didn’t win this thing fair and fair” – but stopped calling for violence . It was a guest on “The Alex Jones Show” who specifically urged supporters to “occupy the Capitol”.